Ethereum price started a fresh decline and traded below $1,950. ETH is now 
consolidating below $1,920 and might continue to move down. Ethereum remained 
in a bearish zone after a fresh decline below $1,950. The price is trading 
below $1,950 and the 100-hourly Simple Moving Average. There was a break below 
a contracting triangle with support at $1,975 on the hourly chart of ETH/USD 
(data feed via Kraken). The pair could continue to move down if it stays below 
the $2,000 zone. Ethereum Price Extends Decline Ethereum price failed to 
remain stable above $2,000 and started a fresh decline, like Bitcoin. ETH 
price dipped below the $1,980 and $1,950 levels. There was a break below a 
contracting triangle with support at $1,975 on the hourly chart of ETH/USD. 
The price even traded below $1,920. A low was formed at $1,836, and the price 
is now consolidating losses well below the 23.6% Fib retracement level of the 
downward move from the $2,003 swing high to the $1,836 low. Ethereum price is 
now trading below $1,950 and the 100-hourly Simple Moving Average. If the 
bulls remain in action above $1,840, the price could attempt another increase. 
Immediate resistance is seen near the $1,880 level. The first key resistance 
is near the $1,900 level. The next major resistance is near the $1,920 level 
and the 50% Fib retracement level of the downward move from the $2,003 swing 
high to the $1,836 low. A clear move above the $1,920 resistance might send 
the price toward the $1,950 resistance. An upside break above the $1,950 
region might call for more gains in the coming days. In the stated case, Ether 
could rise toward the $2,000 resistance zone or even $2,020 in the near term. 
More Downside In ETH? If Ethereum fails to clear the $1,950 resistance, it 
could start a fresh decline. Initial support on the downside is near the 
$1,840 level. The first major support sits near the $1,820 zone. A clear move 
below the $1,820 support might push the price toward the $1,780 support. Any 
more losses might send the price toward the $1,740 region. The main support 
could be $1,720. Technical Indicators Hourly MACD – The MACD for ETH/USD is 
gaining momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH/USD is now 
below the 50 zone. Major Support Level – $1,840 Major Resistance Level – 
$1,950

Ethereum price started a fresh decline and traded below $1,950. ETH is now consolidating below $1,920 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,950. The price is trading below $1,950 and the 100-hourly Simple Moving Average. There was a break below a contracting triangle with &#8230;

Ethereum Price Gets Crushed To $1,840 Amid Relentless Selling Pressure

Bitcoin carried nearly all of May&#8217;s inflows. Monthly flows into crypto 
treasury companies dropped to $180 million for the month, the weakest level 
since October 2024, and Bitcoin-linked firms accounted for almost all of it 
with $177 million. Smaller additions went to ZCash, Story and Sui, while 
Litecoin posted a $1.89 million outflow. The fall was steep. May’s total was 
down 95% from April’s $4.4 billion and about 93% below the monthly average 
from January through May, after March and April each cleared $4 billion. 
Related Reading: Bitcoin Faces Prolonged Downtrend Through 2027, Analyst Warns 
From Election Surge To Slower 2025 The latest drop comes after a sharp burst 
of buying late last year, when DAT inflows climbed past $12 billion after the 
2024 US election results and a friendlier policy backdrop. DefiLlama’s figures 
show the trend then cooled through 2025, staying below $10 billion a month 
until late summer before slipping again. That left treasury firms with a 
tougher pitch. The market crash that followed added pressure, and companies 
that rely on token accumulation alone now face more scrutiny from investors 
than they did during the boom. Yield Pressure Is Reshaping Treasury Firms 
Galaxy Digital has argued that the old buy-and-hold approach no longer carries 
the same weight, and that treasury firms need to put assets to work through 
staking, validator services, DeFi lending or other active uses. Patrick Ngan 
of Zeta Network Group said companies holding Bitcoin need to show they can do 
more than park the asset on a balance sheet, while businesses with real cash 
flow may be better placed than pure holders. Arthur Firstov of Mercuryo said 
ETFs give institutions a low-cost, liquid way to get straightforward crypto 
exposure, which makes it harder for listed treasury firms to keep trading at a 
premium. He added that staking can help proof-of-stake treasuries produce 
revenue, but it cannot fix weak operations, heavy dilution or balance-sheet 
losses. Related Reading: Bitcoin Could Enter Freefall If This Level Cracks: 
Analyst The shift is already visible in hybrid models. Grant Cardone has 
linked Bitcoin with multifamily housing in a treasury-style structure that 
also draws on rental income and property gains to support more BTC buying. For 
now, the numbers show a sector that has lost speed fast. Bitcoin still 
dominates the field, but the latest data leaves little doubt that the easy 
money phase has faded. Featured image from Unsplash, chart from TradingView

Bitcoin carried nearly all of May&#8217;s inflows. Monthly flows into crypto treasury companies dropped to $180 million for the month, the weakest level since October 2024, and Bitcoin-linked firms accounted for almost all of it with $177 million. Smaller additions went to ZCash, Story and Sui, while Litecoin posted a $1.89 million outflow. The fall &#8230;

Crypto Treasury Flows Lose Steam, Marking Deepest Drop Since 2024

Ripple is framing CME’s 24/7 crypto futures launch as a response to 
institutional demand, citing XRP futures as evidence, with Ripple Prime 
serving as a day-one clearing and financing partner. Ripple Points to 
Institutional Need for Always-On Crypto Markets Ripple highlighted 
institutional demand on June 1 as CME Group launched regulated crypto futures 
and options […]

Ripple is framing CME’s 24/7 crypto futures launch as a response to institutional demand, citing XRP futures as evidence, with Ripple Prime serving as a day-one clearing and financing partner. Ripple Points to Institutional Need for Always-On Crypto Markets Ripple highlighted institutional demand on June 1 as CME Group launched regulated crypto futures and options &#8230;

Ripple Highlights Institutional XRP Demand as CME Launches 24/7 Crypto Futures

Bitcoin price started a fresh decline below the $70,000 zone. BTC is 
consolidating and might continue to move down if it dips below $66,000. 
Bitcoin failed to stay above $70,500 and extended losses. The price is trading 
below $70,000 and the 100 hourly simple moving average. There is a bearish 
trend line forming with resistance near $68,000 on the hourly chart of the 
BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays 
below the $67,500 and $68,500 levels. Bitcoin Price Nosedives Bitcoin price 
failed to stay above the $72,000 support zone. BTC remained in a bearish zone 
and extended losses below the $70,500 level. There was a move below the 
$70,000 level. The price even dipped below $67,200. A low was formed at 
$66,111 and the price is now consolidating losses with a bearish angle below 
the 23.6% Fib retracement level of the downward move from the $74,070 swing 
high to the $66,111 low. Bitcoin is now trading below $70,000 and the 100 
hourly simple moving average. If the price remains stable above $66,000, it 
could attempt a fresh increase. Immediate resistance is near the $68,000 
level. There is also a bearish trend line forming with resistance near $68,000 
on the hourly chart of the BTC/USD pair. The first key resistance is near the 
$68,500 level. A close above the $68,500 resistance might send the price 
further higher. In the stated case, the price could rise and test the $70,000 
resistance and the 50% Fib retracement level of the downward move from the 
$74,070 swing high to the $66,111 low. Any more gains might send the price 
toward the $71,500 level. The next barrier for the bulls could be $72,000. 
Downside Acceleration In BTC? If Bitcoin fails to rise above the $70,000 
resistance zone, it could start another decline. Immediate support is near the 
$66,200 level. The first major support is near the $66,000 level. The next 
support is now near the $65,000 zone. Any more losses might send the price 
toward the $64,200 support in the near term. The main support now sits at 
$63,500, below which BTC might struggle to recover in the near term. Technical 
indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. 
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 
level. Major Support Levels – $66,000, followed by $65,000. Major Resistance 
Levels – $68,000 and $70,000.

Bitcoin price started a fresh decline below the $70,000 zone. BTC is consolidating and might continue to move down if it dips below $66,000. Bitcoin failed to stay above $70,500 and extended losses. The price is trading below $70,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance &#8230;

Bitcoin Price In Freefall As Panic Sweeps Through The Market

Bitcoin has slipped below $72,000, triggering fresh concerns across the market 
after Strategy reported its first BTC sale in years. The development quickly 
attracted attention across the crypto market, as the company led by Michael 
Saylor has long been viewed as one of BTC’s most committed corporate holders. 
Strategy’s Massive Bitcoin Stockpile Continues To Dominate Headlines Bitcoin 
has dropped below the $72,000 level after confirmation that Michael Saylor&#8217;s 
Strategy has executed its first BTC sale in over three and a half years. An 
analyst known as Bull Theory on X highlighted that the reported sale involved 
just 32 BTC, valued at approximately $2.5 million, a relatively small 
transaction compared to Strategy&#8217;s massive holdings. Related Reading: Strategy 
Sells Bitcoin For First Time Since 2022 Tax-Loss Trade Historically, the 
company has demonstrated a similar approach. In December 2022, Strategy sold 
704 BTC to realize a tax loss, only to repurchase 810 BTC just two days later. 
Earlier last month, Saylor stated that Strategy could sell portions of its BTC 
holdings to fund dividends. However, he emphasized a net accumulation model, 
mentioning that the firm intends to buy 20 BTC for every 1 BTC sold. Despite 
the recent sale, Strategy still holds 843,706 BTC on its balance sheet, 
representing roughly 4% of BTC&#8217;s total supply acquired at a total cost of 
$63,86 billion. Bitcoin’s recent price action continues to show signs of 
underlying weakness despite persistent optimism in the derivatives market. 
Crypto analyst Max Trades has noted that while BTC has been unable to 
establish a convincing recovery, funding rates remain highly positive, 
indicating that many perpetual futures traders are still positioning for 
upside. At the same time, open interest has begun to rise significantly as 
soon as the markets reopened, signaling that new leveraged positions are 
entering the market despite the recent sell-off. What adds further pressure to 
the current setup is that spot has started selling after briefly stabilizing 
over the weekend. While BTC spot pressure is trending downward, perpetual 
futures traders continue to lean aggressively long. In the current 
environment, the market still appears increasingly dependent on perpetual 
while spot demand remains absent. As long as the setup continues reliance on 
leveraged long exposure, a stronger recovery case will likely require a return 
of consistent spot demand. Market Structure Weakens As Bitcoin Loses A Major 
Support Zone Bitcoin has delivered a technically significant signal by closing 
the month below its 2024 all-time high level. According to crypto investor 
Rekt Capital, on the first day of June, price action has already shown initial 
signs of turning 2024 into a new resistance year. Related Reading: Bitcoin 
Recovery Rally Or Bull Trap? These Key Levels Hold The Answer Rekt Capital 
argues that unless BTC reclaims the 2024 all-time high, the sequence of 
technical events will increase the chance of BTC revisiting the 2021 all-time 
highs for a retest. Featured image from Pixabay, chart from Tradingview.com

Bitcoin has slipped below $72,000, triggering fresh concerns across the market after Strategy reported its first BTC sale in years. The development quickly attracted attention across the crypto market, as the company led by Michael Saylor has long been viewed as one of BTC’s most committed corporate holders. Strategy’s Massive Bitcoin Stockpile Continues To Dominate &#8230;

Bitcoin Falls Below $72,000 After Strategy Reports First BTC Sale In Years

US forces struck Iranian drones/missiles targeting Kuwait and Bahrain. US 
invasion of Iran at 17.5% YES; US strikes 8 countries in 2026 at 25.9% YES.
The post US carries out self-defense strikes against Iranian drones and 
missiles targeting Kuwait, Bahrain appeared first on Crypto Briefing.

US forces struck Iranian drones/missiles targeting Kuwait and Bahrain. US invasion of Iran at 17.5% YES; US strikes 8 countries in 2026 at 25.9% YES. The post US carries out self-defense strikes against Iranian drones and missiles targeting Kuwait, Bahrain appeared first on Crypto Briefing.

Ethereum Price Gets Crushed To $1,840 Amid Relentless Selling Pressure

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